Kelvin Wong Team
Penthouse, 7800 Woodbine Avenue L3R 2N7 Markham, ON, Canada

162 Rivers Edge Pl, Whitby Absolutely Stunning Home in Exclusive Pocket of Prestige North Taunton Luxuary Home W/ 4+1 Bed, 4 Bath Formal Living & Dining Rooms Iron Spindles Staircase... Desk In Library Large Master Retreat W/5Pc Ensuite W/ His & Her W/I Closets W/ Organizer Full Bricks House W/ Interlocked Driveway & Front Porch Freshly Painted For more information, contact me NOW! 416-473-1473 (KELVIN WONG) See more

Monthly Market Results - March 2021

! 315,652$1,097,56545.52818GTA GTA essential serviceRE/MAXVirtual Open House... /

April 2021 Dear Friend, We certainly live in strange times! Despite the third wave of the pandemic, the demand for homes has never been greater! March saw 15,652 homes sold in the GTA at an average price of $1,097,565. The market was active in all sectors with 45.5% of the homes being detached, 28% being condominium apartments and 18% semi-detached or townhomes. As the competition for homes increased due to limited supply, sales were spread out across the GTA as buyers had ...to choose price over ideal location to get into the market. What we learned from the previous lockdowns, is despite them, life has to continue. There are new immigrants coming to the GTA, both international and from different parts of Canada. They need rentals as well as homes to buy. Sellers who sold their homes earlier, now have to buy. New construction homes are being completed and the purchasers who bought several years ago now have to move in. That’s why real estate has been deemed an essential business. My company has invested heavily in technology to enable me to continue helping you, my clients, while at the same time following the provincial guidelines and keeping all of us, including our support staff safe. Many of our staff work from home, answering telephones, booking appointments and even closing transactions. I can do Virtual Open Houses, show buyers the homes I have for sale without their physical presence, and you can meet, sign offers and close transactions all virtually and safely! Business for us in real estate continues as normal, but just a different normal! If you are considering buying or selling, please call me. Real estate may seem like a simple business, but really its not. I do not consider what I do as selling homes. I provide professional guidance and protect the interests of my clients in one of the largest complex financial transactions they will make in their lifetime. Let me put my knowledge and experience to work for you, and I assure you we will do it safely, protecting your financial future as well as your health.

Total Residential Transactions Year-Over-Year (Mar 2020 & Mar 2021) upsurge 97% Average Selling Price Year-Over-Year (Mar 2020 & Mar 2021) upsurge 21.6%

Oshawa condo values soar as buyers look east for affordable homes: https://bit.ly/3unoXIv

Counting Down to 2021 - Happy New Year!

May the season of joy fill your home with love and light. KELVIN WONG TEAM wishing you and your family A VERY MERRY CHRISTMAS.

"15% more Canadians spent time researching the real estate market during the pandemic’s second wave this past autumn, which indicates that buying activity will remain robust as the new year begins."

GTACOVID-19 1. 1.5 2. ... 3. 4. 5. 118,7661124 $929,43312 ()()COVID-19downtown AirBnBCOVID-19416416111,3750.83 6416AirBnB COVID

December 2020 Dear Friend, Another record month of real estate sales for the GTA and COVID-19 had nothing to do with it! ... There are 5 major factors that are keeping the real estate market at record levels: 1. Ridiculously low interest rates (1.5%) attracting new buyers into the market who can now qualify to buy. 2. A strong economic recovery for many business sectors. 3. Many Canadians cash rich from not spending on trips etc. as well as getting government subsidies. 4. Continued strong immigration causing limited inventory of available homes. 5. Threat of an increase in the foreign buyer tax, causing a rush to buy now for investors. These factors impacted the sales in November to 8,766, a new record high, up 24% compared to November last year. The average sale price year to date now stands at $929,433 up almost 12% over the start of the year. The city is like a living breathing organism, movement going into the city with an intake of breath, and movement out of the city as the breath exhales. The trend to move out of the city had already started and was exacerbated by COVID-19. Young people bought downtown condos and moved to where the bars, restaurants and excitement were. Now several years later, their condos had doubled in value, their salaries had increased, marriage and perhaps children had ensued, and they were now ready for the life of suburbia. Years from now, with children grown, they will move back into the city to enjoy the convenience of city living that they had had in their youth. And so, the city breathes. Along with that natural movement, the lack of AirBnB users, media overblowing the impact of COVID-19, 416 condominium sales did not keep up to the price increases experienced by other sectors of the market. Here are the facts of 416 condominiums in November. 1,375 condos sold, 0.8% more than last year, average price down 3%. Not as bad as the media lead us to believe. 416 condos are the hot buy for the next 6 months, because by then with the vaccines coming on board, AirBnB back, and the return of foreign students, condominium sales will catch up with the increases seen by other housing sectors. If you are considering an investment in real estate, let’s talk, after all, you do have a friend in real estate. We can now see the light at the end of the COVID tunnel, too early to celebrate yet. Be patient, stay safe! All the best to you and your family in the holiday season and throughout the New Year! Your Friend, KELVIN WONG, JESSICA CHEUNG, KEN WONG

SOLD Firm in 2 days

1623 NORWILL CRES - SOLD OVER ASKING

We Are Never Too Busy For Your Referral

Total Residential Transactions Year-Over-Year (Oct 2019 & Oct 2020) upsurge 25.1%

Market Watch for Oct 2020

10 IVY BUSH AVENUE - SOLD FIRM

This is what Toronto looked like over 90 years ago